News | American Bullion

U.S. Dollar Rallies, Gold and Palladium Fall

September 2, 2014
Posted by: Orkan Ozkan
Category: News

Gold and palladium prices fell on Tuesday as a stronger U.S. dollar offset geopolitical tensions in Ukraine. Gold for December delivery was down $19.20, or 1.5%, at $1,268.20 an ounce on the Comex – its lowest level since June 18. Palladium for December delivery was down $21.95, or 2.4%, at $887.60 an ounce on the Nymex.

USA Today: Baby Boomer Retirees Face Big Money, Big Decisions

August 28, 2014
Posted by: Orkan Ozkan
Category: News

The United States currently has 75 million Baby Boomers retiring at a rate of once every nine seconds through 2029, according to John Piershale, a wealth adviser at Piershale Financial Group. They have an average of $147,000 in their 401(k)s, according to Fidelity Investments. Approximately $324 billion was moved from 401(k)s into Individual Retirement Accounts in 2013, and that dollar amount

CNBC Article: Gold is “kind of like the Rocky Balboa right now”

August 27, 2014
Posted by: Orkan Ozkan
Category: News

In a CNBC article titled “How gold is defying the haters”, author Alex Rosenberg describes a peculiar phenomenon occurring: despite rising stocks and a strong U.S. dollar, gold has shown much resilience, holding around the $1,300 per ounce level. In Wednesday morning trading, Comex gold for December delivery was up $2.20 at $1,287.40 an ounce, and spot gold

Central Banks Increasing Gold Holdings

August 26, 2014
Posted by: Orkan Ozkan
Category: News

A notable number of central banks, many from countries with developing economies, have been increasing their official gold reserves over the past few years, writes the Wall Street Journal. The central banks of Russia and Kazakhstan in particular raised their holdings in July despite gold’s less-than-stellar recent performance. In Tuesday morning trading gold peaked at $1,291.10 per ounce, and has

Despite Gold Lows, Indian Demand High Ahead of Religious Festival

August 25, 2014
Posted by: Orkan Ozkan
Category: News

Gold fell 0.30% to $1,277 by Monday morning, not far from its two-month low of $1,273.06 hit the previous week. News of a stronger U.S. dollar, a possible interest rate hike coming in early 2015, and the end of quantitative easing this October have lessened gold’s appeal as a safe-haven asset and hedge against inflation for

Janet Yellen: “The labor market has yet to fully recover.”

August 22, 2014
Posted by: Orkan Ozkan
Category: News

Speaking at an economic summit in Jackson Hole, Wyoming featuring top economists and central bankers from across the globe, U.S. Federal Reserve Chairwoman Janet Yellen remarked that “the labor market has yet to fully recover” from the 2007-8 financial crisis. See the full text of her speech. Other important remarks Yellen made include: Wage growth

Is George Soros Betting More Than $2B on a U.S. Stock Market Collapse?

August 20, 2014
Posted by: Orkan Ozkan
Category: News

Newsmax reports that billionaire investor and business magnate George Soros has upped his financial wager that U.S. stock market will suffer a collapse within the coming months. He now has a negative bet on the Standard & Poor’s (S&P) 500 Index of $2 billion. Investors have been watching Soros up this ante since late last year. As of

Gold Breaks Losing Streak, Palladium Near 13-Year High

August 19, 2014
Posted by: Orkan Ozkan
Category: News

Geopolitical tensions aided gold in ending a two-day losing streak on Tuesday morning, but a stronger U.S. dollar and booming equities market curbed gains. Spot gold rose 0.3% to $1,301.14 an ounce, trading in a small $5 an ounce range indicating low trading volumes. Palladium, an oft-forgotten precious metal, made headlines by almost reaching its 13-year high of $900 an

Top Central Bankers and Economists to Meet Secretly in Jackson Hole, WY

August 18, 2014
Posted by: Orkan Ozkan
Category: News

Anticipation is building and predictions are brewing as central bankers and economists from around the world are set to meet in Jackson Hole, Wyoming this Thursday-Friday for an annual summit. Minutes from the U.S. Federal Reserve’s and the Bank of England’s latest meetings are also due on Wednesday of this week. (For more information, see

Casey Research Editor: “Top 7 Reasons I’m Buying Silver Now”

August 14, 2014
Posted by: Orkan Ozkan
Category: News

While gold has many advantages when it comes to protecting your wealth, silver can also be a great addition to your portfolio offering some benefits that gold does not. For example, the silver price has been hovering around $20 per ounce over the past year, and its highest-ever price was about $50 an ounce. Compared to gold, platinum, and